Profit and Loss

Profit and Loss: Profit Formula, Profit Percentage Formula, Gross Profit, Profit and Loss Questions, Problems with Solutions

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Online Aptitude Questions with Answers on Profit and Loss

Q61. **A man buys milk at a certain rate per liter and after adding water to it sells the mixture at the same rate. Find in what ration he much mix water to milk so as to gain 20% on his outlay?**

1.  1:5
2.  1:20
3.  2:5
4.  1:6

Solution : 1:5
Q62. **A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%?**

1.  Rs.600
2.  Rs.500
3.  Rs.250
4.  Rs.700

Solution : Rs.600

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Q63. **By selling an article at Rs.600, a profit of 25% is made. Find its cost price?**

1.  Rs.350
2.  Rs.400
3.  Rs.573
4.  Rs.480

Solution : Rs.480
Q64. **By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?**

1.  Rs.600
2.  Rs.480
3.  Rs.500
4.  Rs.450

Solution : Rs.480

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Q65. **A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?**

1.  neither profit nor loss
2.  1%
3.  2%
4.  3%

Solution : neither profit nor loss
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